An estate planning attorney handles wills and trusts. Due to complexities of laws, attorneys typically focus their expertise on several practice areas. Estate planning attorneys, for example, need to know the state-specific estate planning laws, probate laws, federal and state tax laws, property laws, and asset protection laws.
Oct 30, 2019 · An estate planning attorney may help people plan for the future by creating a will and outlining how they want their estate managed after they pass. Alternatively, they can also help surviving family members execute the estate by ensuring all wills and instructions are followed around the management of assets.
The kind of lawyer who does wills practices what’s known as an estate planning attorney or probate attorney. While many general family law practitioners may also offer this service, estate planning lawyers are the experts. Thinking about the day of your death might not be your most favorite way to spend an afternoon.
Jan 15, 2021 · Jan. 15, 2021. A Pennsylvania estate planning attorney specializes in wills and trusts. Unlike general attorneys, estate planning attorneys have strategies to protect wealth and reduce taxes when creating trusts, wills, and other documents. If you have yet to get a will or trust, consider going to an estate planning attorney for help.
The Right Kind of Life Insurance is also crucial to protect your family after you’re gone. Insurance isn’t about leaving an inheritance, it’s about replacing your salary so your family doesn’t struggle financially when they are already struggling emotionally.
More common, however, is for lawyers to charge a flat fee of around $1,000 for a will. If you have a lot of assets (houses, cars, money, investments, etc) most likely you’ll need an entire estate planning package and that would most likely start around $1,500.
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To make your will binding, you should have two witnesses watch you sign the will. In most states, the witnesses must be people who will not be receiving any of your assets. It is not necessary to notarize your will. However, doing so facilitates the court proceedings if someone challenges the legitimacy of your will.